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ryzh [129]
3 years ago
12

________ holds that there are few really new ideas and that "true is better" than new. Multiple Choice Scientific management The

quality-management viewpoint Evidence-based management Behavioral management MBO
Business
1 answer:
cestrela7 [59]3 years ago
6 0
Idk Rhett make he djjeic
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Rice imports to a nation under a quota limit of 8,500 tons are charged a tariff of 15 percent. imports of rice above the quota l
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Upper A report about the decline of Western investment in third world countries included this: "After years of daily flights com
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True

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Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual in
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Answer:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

Nov 15

Dr Accounts payable 8,650

Cr Merchandise inventory 346

Cr Cash 8,304

Explanation:

Preparation of Journal entries

Based on the information given we were told that on Nov. 5 the company Purchased 900 units of product at the amount of $10 per unit which means that the Journal entry will be:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

(900 units *$10 per units)

Based on the information given we were told that the company on Nov. 7 Returned 35 defective units from the the month of November 5 purchase in which they received full credit which means that the Journal entry will be:

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

(35*$10 per units)

Based on the information given we were told that the company on Nov. 15 Paid the amount of money due from the month of November 5 purchase in which they minus the return on November 7 which means that the Journal entry will be:

Nov 15

Dr Accounts payable 8,650

(9,000- 350)

Cr Merchandise inventory 346

(4%*8,650)

Cr Cash 8,304

(8,650-346)

8 0
3 years ago
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